<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=284525548375587&amp;ev=PageView&amp;noscript=1">

(978) 835-5906             Search Icon

Massachusetts Home Buyer Guide


HUD Prohibits Dual Agency in FHA Short Sales, Then Postpones Decision

Oct 7, 2013 8:42:00 AM

The U.S. Department of Housing and Urban Development (HUD) issued new guidelines in July that prohibited dual agency in Federal Housing Authority (FHA) short sales; however, after pressure from the National Association of Realtors, HUD announced it has postponed the dual agency guidelines, according to an article in Inman News September 26, 2013

The new rules, revealed through a letter to mortgage servicers in July, were suppose to take effect October 1, 2013 and would have prohibited brokers and agents from representing both buyers and sellers in FHA short sales. The National Association of Realtors (NAR) opposed the new guidelines. HUD's new, now postponed, guidelines state, "To meet [Pre-foreclosure Sales] Addendum requirements, brokers and their agents may only represent the buyer or the seller, but not both parties."


Topics: Real Estate Misc., National Association of Realtors, Short Sales, Massachusetts Association of Buyer Agents

Home Buyers Also Benefit From Tax Break For Forgiven Mortgage Debt

Jan 20, 2013 9:50:00 AM

Homeowners aren't the only people to benefit from a tax break for forgiven mortgage debt that was set to expire December 31, 2012, but was extended by Congress and President Obama when they narrowly averted the “fiscal cliff” crisis.


Topics: Home-buying Tips, Mortgage Rates & News, Short Sales


Blog Home

Subscribe to this Blog

Learn the Steps to Buying
a Home in Massachusetts

The Steps to Buying a Home


Search Homes For Sale

Search the latest home listings. Sign up for property alerts.


Are You Ready to Learn Some Home-buying Tips? 


Learn About Buyer Agents

Most Popular Posts